BBEU vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about JPMorgan BetaBuilders Europe ETF (BBEU) and S&P 500 Index (^GSPC).

BBEU is a passively managed fund by JPMorgan that tracks the performance of the Morningstar Developed Europe Target Market Exposure Index. It was launched on Jun 15, 2018.

Performance

BBEU vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders Europe ETF (BBEU) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

BBEU vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BBEU JPMorgan BetaBuilders Europe ETF	0.71%	36.37%	1.85%	20.31%	-14.72%	17.50%	5.00%	23.96%	-13.25%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-9.62%

Returns By Period

In the year-to-date period, BBEU achieves a 0.71% return, which is significantly higher than ^GSPC's -3.95% return.

BBEU

• 1D: 1.53%
• 1M: -4.75%
• YTD: 0.71%
• 6M: 5.50%
• 1Y: 22.50%
• 3Y*: 15.13%
• 5Y*: 9.59%
• 10Y*: —

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

BBEU vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BBEU

BBEU Risk / Return Rank: 69
BBEU Sharpe Ratio Rank: 70
BBEU Sortino Ratio Rank: 71
BBEU Omega Ratio Rank: 68
BBEU Calmar Ratio Rank: 69
BBEU Martin Ratio Rank: 67

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BBEU vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders Europe ETF (BBEU) and S&P 500 Index (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BBEU	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	1.29	0.92	+0.37
Sortino ratio Return per unit of downside risk	1.84	1.41	+0.42
Omega ratio Gain probability vs. loss probability	1.26	1.21	+0.04
Calmar ratio Return relative to maximum drawdown	1.86	1.41	+0.44
Martin ratio Return relative to average drawdown	7.18	6.61	+0.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBEU vs. ^GSPC - Sharpe Ratio Comparison

The current BBEU Sharpe Ratio is 1.29, which is higher than the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of BBEU and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BBEU	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.29	0.92	+0.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	0.61	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.46	-0.01

Correlation

The correlation between BBEU and ^GSPC is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Drawdowns

BBEU vs. ^GSPC - Drawdown Comparison

The maximum BBEU drawdown since its inception was -36.27%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for BBEU and ^GSPC.

Drawdown Indicators

	BBEU	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-36.27%	-56.78%	+20.51%
Max Drawdown (1Y) Largest decline over 1 year	-12.23%	-12.14%	-0.09%
Max Drawdown (5Y) Largest decline over 5 years	-31.08%	-25.43%	-5.65%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.92%	—
Current Drawdown Current decline from peak	-7.10%	-5.78%	-1.32%
Average Drawdown Average peak-to-trough decline	-6.20%	-10.75%	+4.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.17%	2.60%	+0.57%

Volatility

BBEU vs. ^GSPC - Volatility Comparison

JPMorgan BetaBuilders Europe ETF (BBEU) has a higher volatility of 7.46% compared to S&P 500 Index (^GSPC) at 5.37%. This indicates that BBEU's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBEU	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.46%	5.37%	+2.09%
Volatility (6M) Calculated over the trailing 6-month period	11.13%	9.55%	+1.58%
Volatility (1Y) Calculated over the trailing 1-year period	17.52%	18.33%	-0.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.29%	16.90%	+0.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.30%	18.05%	+1.25%